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A major upheaval in the stock markets has shaken the hierarchy of the most valued companies: the unshakable Saudi Aramco has finally ceded its throne to the two giants of GAFAM, Alphabet (Google) and Amazon. After this waltz of values, the top 5 in the world are now monopolized by the Americans.
America rules the world stock market kingdom
Nvidia (NVDA), in the center of all attention since the beginning of the year, he can breathe a sigh of relief for a while: he has not yet won the race to the top. But the way to the stage is not very long for this technology giant.
In the big circus of the world stock market, the table of giant fluctuations comes to life. Invincible Saudi Aramcolong podium holder, viz its fame has been damaged by the meteoric rise of Alphabet and Amazon, according to Companiesmarketcap.com’s latest spotlight. During this time, Microsoft, Apple and Nvidia play conductorscomfortably camping on stage.
In the land of the dollar, the elite from the ten largest capital markets in the world offer themselves exclusively American castingwith exceptions. Intruders in the top 10 include Saudi oil giant Saudi Aramco and Taiwan’s TSMC, a prominent forge in the semiconductor industry.
From now on it is American style private club in the top 5, as several observers note. Saudi Aramco, once the proud holder of third place, has slipped down the rankings, now falling to sixth place, with a market capitalization of $1.955 billion as of early this Friday afternoon.
New war of the titans
While oil king Saudi Aramco is trying to profit from it the recent rise in oil pricesdepicting a down 4.6% in one month, Alphabet, for its part, is regaining its splendor with a 13% increase over the same period. Amazon, on the other hand, is surging with growth of 8% in one month and 24.4% for the full year of 2024.
Investors, feeling the winds of change, massively reinvest in Alphabetrelying on his growing expertise ingenerative artificial intelligence. A confidence reflected in its recent performance and promising cloud computing initiatives.
Meanwhile, Amazon has also carved out a strong position in the AI race. With impressive results for 2023 and an increase in the strength of its “cloud” division, Amazon Web Services, the online commerce giant is exploring new frontiers in generative artificial intelligence.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.